COALspot.com keeps you connected across the coal world
  • OCT 2019 INDONESIAN COAL PRICE REFERENCE FOR EXPORTS AND DOMESTIC BUYERS INCLUDING POWER PRODUCERS FIXED AT US$ 64.80 A TON
  • SHARE YOUR CORPORATE COAL & SHIPPING NEWS WITH US - NEWS@COALSPOT.COM
  • WE WELCOME ARTICLE SUBMISSIONS FROM EXPERTS IN THE AREAS OF COAL, MINING, SHIPPING, ETC.

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


WTI Crude Oil

BRENT Crude Oil

Search News
Latest CoalNews Headlines
Wednesday, 06 March 19
SHIPPING MARKET INSIGHT - INERMODAL
IntermodalIn a downward moving market, softer SnP activity is usually a given, as the gap between Sellers’ and Buyers’ ideas widens, especially when the drop in rates takes place in a relatively short period of times, which was the case recently. Aside from the levels of the market and the respective number of deals as this is depicted in the table below, what might be even more interesting to look at is whether in these cases asset prices also moved in tandem with SnP activity and to what degree.
 
In the case of the 28kdwt Japanese Handy, the number of sales during the first two months of 2017 was more than double compared to the same period this year. Two years ago a 2006 built vessel was valued at high USD 5 million, while the same amount of money will today get you a 2004 built vessel –four years older – even though the BHSI is around the same levels.
As far as Supramax SnP ytd activity is concerned, this is decreased around 30% compared to 2017, while prices are today at relatively higher levels. Indeed, a 57k dwt 2011 Chinese built vessel was valued at around mid- USD 9 million back then, while a 57k dwt 2011 Chinese built Supra was fixed today for high- USD 9 million.
 
The fact that a very bad year preceded Q1 2017 certainly allowed for more deals back then, with Buyers being hungry for tonnage, after the market had finally started to move up, and Sellers being “exhausted” following many challenging months and ready to accept lower levels. In trying to offer an explanation for the price resistance one could say that  Buyers could be already cashing in an extended recovery in rates (after all earnings have already been improving for all other sizes but Capes), which renders them more aggressive in securing tonnage in a market that had already seen a number of candidates being withdrawn.
 
 So the anxiety that this could be a window of opportunity to invest that could be soon closing as the market recovers plays a significant role in supporting asset prices. Many are indeed expecting that prices will not adjust accordingly to today’s rates and that positive freight performance from a point onwards will eventually result in even higher prices, which in retrospect will render todays levels as the window of opportunity.  So maybe it is time to redefine what “window of opportunity” means and whether this is a short term correction in prices compared to the very recent past or a longer period during which asset prices align with earnings.
By Nassos Soulakis
SnP Broker

Compiled by:
Intermodal Research & Valuations


Analysts:
Ms Eva Tzima

George Panagopoulos


Disclaimer and legal disclosure: For any further queries please do not hesitate to contact our Research & Valuations Department. The information contained in this report has been obtained from various sources, as reported in the market. Intermodal Shipbrokers Co. believes such information to be factual and reliable without making guarantees regarding its accuracy or completeness. Whilst every care has been taken in the production of the above review, no liability can be accepted for any loss or damage incurred in any way whatsoever by any person who may seek to rely on the information and views contained in this material. This report is being produced for the internal use of the intended recipients only and no reproducing is allowed, without the prior written authorization of Intermodal Shipbrokers Co.

The Information contained within the website of COALspot.com is intended for informational purposes only and is not intended as professional counsel and should not be used as such.


If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Wednesday, 04 September 19
SHIPPING MARKET INSIGHT - INTERMODAL
For yet another time, the market seems to have its own drivers. After a very disappointing first half, the recent recovery in the shipping market i ...


Tuesday, 20 August 19
NORDEN HAS BEEN AWARDED A 3-YEAR CONTRACT FOR THE TRANSPORTATION OF COAL FROM INDONESIA TO HONG KONG
NORDEN has been awarded a 3-year contract with a power company in Hong Kong for the transportation of coal from Indonesia to Hong Kong.   ...


Tuesday, 20 August 19
THE AUGUST 2019 INDONESIAN COAL PRICE REFERENCE POSTS THE FIRST MONTHLY GAIN SINCE AUGUST 2018
COALspot.com: The Ministry of Energy and Mineral Resources of the Republic of Indonesia has revised up the benchmark price of Indonesian thermal co ...


Monday, 19 August 19
INDONESIAN COAL RUNS, A 82,000DWT SHIP WAS FIXED DELIVERY CHINA VIA INDONESIA, REDELIVERY JAPAN, IN THE MID $16,000S - BALTIC BRIEFING
Capesize The Capesize market was buoyant in both basins this week, posting gains across the board. After bottoming out the previous week, rates ...


Sunday, 11 August 19
ULTRAMAX: A 58,000DWT VESSEL OPEN KEMAMAN FIXED FOR TWO TO THREE LADEN LEGS, REDELIVERY SINGAPORE-JAPAN, AT $12,250 - BALTIC BRIEFING
Capesize With typhoon Lekima gathering pace, numerous China ports were closed by the end of the week and will likely be for two to three days. ...


   5 6 7 8 9   
Showing 31 to 35 news of total 5554
News by Category
Popular News
 
Total Members : 26,537
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Barclays Capital - USA
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Indonesian Coal Mining Association
  • GAC Shipping (India) Pvt Ltd
  • Mitsubishi Corporation
  • JPMorgan - India
  • Shenhua Group - China
  • Lanco Infratech Ltd - India
  • Inspectorate - India
  • SUEK AG - Indonesia
  • UOB Asia (HK) Ltd
  • Billiton Holdings Pty Ltd - Australia
  • DBS Bank - Singapore
  • globalCOAL - UK
  • Bank of America
  • Electricity Generating Authority of Thailand
  • Central Electricity Authority - India
  • Sindya Power Generating Company Private Ltd
  • SGS (Thailand) Limited
  • Wood Mackenzie - Singapore
  • Singapore Mercantile Exchange
  • Karaikal Port Pvt Ltd - India
  • Petrochimia International Co. Ltd.- Taiwan
  • Gupta Coal India Ltd
  • Indonesia Power. PT
  • European Bulk Services B.V. - Netherlands
  • Permata Bank - Indonesia
  • Gresik Semen - Indonesia
  • The Treasury - Australian Government
  • Surastha Cement
  • Bhoruka Overseas - Indonesia
  • Savvy Resources Ltd - HongKong
  • Rashtriya Ispat Nigam Limited - India
  • New Zealand Coal & Carbon
  • Britmindo - Indonesia
  • Russian Coal LLC
  • TNPL - India
  • LBH Netherlands Bv - Netherlands
  • Thai Mozambique Logistica
  • Toyota Tsusho Corporation, Japan
  • Mintek Dendrill Indonesia
  • Bhatia International Limited - India
  • Petrosea - Indonesia
  • Kalimantan Lumbung Energi - Indonesia
  • Peabody Energy - USA
  • White Energy Company Limited
  • Energy Link Ltd, New Zealand
  • Romanian Commodities Exchange
  • PowerSource Philippines DevCo
  • Bhushan Steel Limited - India
  • Gujarat Sidhee Cement - India
  • Riau Bara Harum - Indonesia
  • Anglo American - United Kingdom
  • Geoservices-GeoAssay Lab
  • Thriveni
  • Krishnapatnam Port Company Ltd. - India
  • WorleyParsons
  • Total Coal South Africa
  • Ind-Barath Power Infra Limited - India
  • Miang Besar Coal Terminal - Indonesia
  • Commonwealth Bank - Australia
  • Jorong Barutama Greston.PT - Indonesia
  • VISA Power Limited - India
  • Tanito Harum - Indonesia
  • Mitsui
  • Coal Orbis AG
  • Binh Thuan Hamico - Vietnam
  • Port Waratah Coal Services - Australia
  • IBC Asia (S) Pte Ltd
  • IHS Mccloskey Coal Group - USA
  • Rio Tinto Coal - Australia
  • Uttam Galva Steels Limited - India
  • Madhucon Powers Ltd - India
  • IMC Shipping - Singapore
  • Vijayanagar Sugar Pvt Ltd - India
  • MEC Coal - Indonesia
  • EIA - United States
  • International Coal Ventures Pvt Ltd - India
  • Leighton Contractors Pty Ltd - Australia
  • Karbindo Abesyapradhi - Indoneisa
  • ACC Limited - India
  • Coaltrans Conferences
  • KOWEPO - South Korea
  • Directorate Of Revenue Intelligence - India
  • BRS Brokers - Singapore
  • Malco - India
  • Merrill Lynch Commodities Europe
  • Bukit Baiduri Energy - Indonesia
  • ANZ Bank - Australia
  • Simpson Spence & Young - Indonesia
  • Maharashtra Electricity Regulatory Commission - India
  • Deutsche Bank - India
  • Alfred C Toepfer International GmbH - Germany
  • Malabar Cements Ltd - India
  • Ministry of Mines - Canada
  • Planning Commission, India
  • Asmin Koalindo Tuhup - Indonesia
  • Dalmia Cement Bharat India
  • Economic Council, Georgia
  • Glencore India Pvt. Ltd
  • Bangladesh Power Developement Board
  • India Bulls Power Limited - India
  • Vitol - Bahrain
  • Coal India Limited
  • Standard Chartered Bank - UAE
  • Africa Commodities Group - South Africa
  • Medco Energi Mining Internasional
  • Clarksons - UK
  • Shree Cement - India
  • KPMG - USA
  • GNFC Limited - India
  • Maybank - Singapore
  • JPower - Japan
  • Orica Mining Services - Indonesia
  • SASOL - South Africa
  • Infraline Energy - India
  • Platou - Singapore
  • Wilmar Investment Holdings
  • Sucofindo - Indonesia
  • Jaiprakash Power Ventures ltd
  • Chettinad Cement Corporation Ltd - India
  • Argus Media - Singapore
  • Latin American Coal - Colombia
  • Makarim & Taira - Indonesia
  • KEPCO - South Korea
  • Antam Resourcindo - Indonesia
  • Georgia Ports Authority, United States
  • Siam City Cement - Thailand
  • Pendopo Energi Batubara - Indonesia
  • Mercuria Energy - Indonesia
  • Ceylon Electricity Board - Sri Lanka
  • MS Steel International - UAE
  • Globalindo Alam Lestari - Indonesia
  • BNP Paribas - Singapore
  • Pinang Coal Indonesia
  • Coeclerici Indonesia
  • Sree Jayajothi Cements Limited - India
  • Kapuas Tunggal Persada - Indonesia
  • Maersk Broker
  • TeaM Sual Corporation - Philippines
  • Timah Investasi Mineral - Indoneisa
  • Cemex - Philippines
  • Indika Energy - Indonesia
  • Noble Europe Ltd - UK
  • Coalindo Energy - Indonesia
  • The India Cements Ltd
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Posco Energy - South Korea
  • Indorama - Singapore
  • Tamil Nadu electricity Board
  • Vedanta Resources Plc - India
  • OCBC - Singapore
  • Bahari Cakrawala Sebuku - Indonesia
  • CCIC - Indonesia
  • Vizag Seaport Private Limited - India
  • Larsen & Toubro Limited - India
  • ETA - Dubai
  • PLN - Indonesia
  • Adani Power Ltd - India
  • Reliance Power - India
  • U S Energy Resources
  • Ambuja Cements Ltd - India
  • TNB Fuel Sdn Bhd - Malaysia
  • Samsung - South Korea
  • GB Group - China
  • PLN Batubara - Indonesia
  • OPG Power Generation Pvt Ltd - India
  • Manunggal Multi Energi - Indonesia
  • Borneo Indobara - Indonesia
  • Eastern Energy - Thailand
  • Bayan Resources Tbk. - Indonesia
  • Humpuss - Indonesia
  • Deloitte Consulting - India
  • PetroVietnam
  • Power Finance Corporation Ltd., India
  • NALCO India
  • Runge Indonesia
  • Bangkok Bank PCL
  • Videocon Industries ltd - India
  • Star Paper Mills Limited - India
  • Enel Italy
  • Bharathi Cement Corporation - India
  • Directorate General of MIneral and Coal - Indonesia
  • Siam City Cement PLC, Thailand
  • Renaissance Capital - South Africa
  • ICICI Bank Limited - India
  • Maheswari Brothers Coal Limited - India
  • Orica Australia Pty. Ltd.
  • Credit Suisse - India
  • Kideco Jaya Agung - Indonesia
  • Asia Cement - Taiwan
  • Platts
  • Indogreen Group - Indonesia
  • Gujarat Mineral Development Corp Ltd - India
  • Mitra SK Pvt Ltd - India
  • Samtan Co., Ltd - South Korea
  • Minerals Council of Australia
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Cosco
  • Goldman Sachs - Singapore
  • Vale Mozambique
  • Ministry of Transport, Egypt
  • Straits Asia Resources Limited - Singapore
  • Coastal Gujarat Power Limited - India
  • Indian Oil Corporation Limited
  • CoalTek, United States
  • Mjunction Services Limited - India
  • Xstrata Coal
  • Salva Resources Pvt Ltd - India
  • PTC India Limited - India
  • Adaro Indonesia
  • Inco-Indonesia
  • Maruti Cements - India
  • The State Trading Corporation of India Ltd
  • McConnell Dowell - Australia
  • Bukit Makmur.PT - Indonesia
  • Chamber of Mines of South Africa
  • ING Bank NV - Singapore
  • Aditya Birla Group - India
  • Indo Tambangraya Megah - Indonesia
  • Rudhra Energy - India
  • Cardiff University - UK
  • EMO - The Netherlands
  • Banpu Public Company Limited - Thailand
  • Cement Manufacturers Association - India
  • Ernst & Young Pvt. Ltd.
  • CESC Limited - India
  • World Coal - UK
  • Carbofer General Trading SA - India
  • Thermax Limited - India
  • Agrawal Coal Company - India
  • Sojitz Corporation - Japan
  • Ince & co LLP
  • Cargill India Pvt Ltd
  • GMR Energy Limited - India
  • SMG Consultants - Indonesia
  • PetroVietnam Power Coal Import and Supply Company
  • Coal and Oil Company - UAE
  • Parliament of New Zealand
  • PNOC Exploration Corporation - Philippines
  • GHCL Limited - India
  • CNBM International Corporation - China
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • IOL Indonesia
  • Gujarat Electricity Regulatory Commission - India
  • Trasteel International SA, Italy
  • Marubeni Corporation - India
  • NTPC Limited - India
  • Australian Coal Association
  • Aboitiz Power Corporation - Philippines
  • HSBC - Hong Kong
  • Holcim Trading Pte Ltd - Singapore
  • Metalloyd Limited - United Kingdom
  • Core Mineral Indonesia
  • APGENCO India
  • Japan Coal Energy Center
  • Bank of China, Malaysia
  • SRK Consulting
  • Formosa Plastics Group - Taiwan
  • Thomson Reuters GRC
  • Berau Coal - Indonesia
  • Tata Power - India
  • IEA Clean Coal Centre - UK
  • Kohat Cement Company Ltd. - Pakistan
  • Bukit Asam (Persero) Tbk - Indonesia
  • Cigading International Bulk Terminal - Indonesia
  • Arutmin Indonesia
  • KPCL - India
  • Essar Steel Hazira Ltd - India
  • Arch Coal - USA
  • Edison Trading Spa - Italy
  • London Commodity Brokers - England
  • Meenaskhi Energy Private Limited - India
  • Thailand Anthracite
  • Jatenergy - Australia
  • Price Waterhouse Coopers - Russia
  • bp singapore
  • Thiess Contractors Indonesia
  • Australian Commodity Traders Exchange
  • Grasim Industreis Ltd - India
  • The University of Queensland
  • Neyveli Lignite Corporation Ltd, - India
  • Eastern Coal Council - USA
  • TANGEDCO India
  • Mercator Lines Limited - India
  • Xindia Steels Limited - India
  • Kobe Steel Ltd - Japan
  • Interocean Group of Companies - India
  • Sical Logistics Limited - India
  • Freeport Indonesia
  • UBS Singapore
  • Fearnleys - India
  • Kumho Petrochemical, South Korea
  • South Luzon Thermal Energy Corporation
  • Barasentosa Lestari - Indonesia
  • Intertek Mineral Services - Indonesia
  • Bulk Trading Sa - Switzerland
  • Jindal Steel & Power Ltd - India
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Indian School of Mines
  • Moodys - Singapore
  • Tata Chemicals Ltd - India
  • Panama Canal Authority
  • Ministry of Finance - Indonesia
  • Lafarge - France
  • Altura Mining Limited, Indonesia
  • Kobexindo Tractors - Indoneisa
  • ASAPP Information Group - India
  • Kartika Selabumi Mining - Indonesia
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Attock Cement Pakistan Limited
  • Mechel - Russia
  • CIMB Investment Bank - Malaysia
  • Idemitsu - Japan
  • Independent Power Producers Association of India
  • Kaltim Prima Coal - Indonesia
  • Merrill Lynch Bank
  • Oldendorff Carriers - Singapore
  • McKinsey & Co - India
  • Heidelberg Cement - Germany
  • Sinarmas Energy and Mining - Indonesia
  • Central Java Power - Indonesia
  • Asian Development Bank
  • Qatrana Cement - Jordan
  • Global Coal Blending Company Limited - Australia
  • Parry Sugars Refinery, India
  • World Bank
  • J M Baxi & Co - India
  • RBS Sempra - UK
  • Sakthi Sugars Limited - India
  • GVK Power & Infra Limited - India